EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

	Year Ended December 31,
(Dollars in thousands, except share and per share amounts)	2023		2022
Earnings per common share - Basic
Numerator:
Net income available for common shareholders	$	5,225	$	21,698
Denominator:
Basic weighted average shares	9,541,050		9,461,349
Earnings per common share - basic	$	0.55	$	2.29
Earnings per common share - Diluted
Numerator:
Net income available for common shareholders	$	5,225	$	21,698
Denominator:
Basic weighted average shares	9,541,050		9,461,349
Diluted effect of common stock equivalents:
Stock options	4,006		42,944
Time Vesting Units	67,740		117,774
Financial Performance Units	113,114		88,143
Market Performance Units	—		3,413
Total diluted effect of common stock equivalents	184,860		252,274
Diluted weighted average shares	9,725,910		9,713,623
Earnings per common share - diluted	$	0.54	$	2.23

Schedule of Antidilutive securities

The following table presents potentially dilutive securities excluded from the diluted earnings per share calculation during the periods presented:

	Year Ended December 31,
	2023	2022
Stock options	133,464	—
Time Vesting Units	120,653	86,145
Financial Performance Units	6,818	23,553
Total potentially dilutive securities	260,935	109,698